Oh, Trichet, your cantankerous ways, as hazardous as they are, are just adorable. Hey, maybe he should give another speech on 'credible alertness', maybe that'll fix something.

Trichet Says Regional Economic Diversity in U.S. Is Similar to Euro Area’s

^U.S. policy makers aren't talking about anything except how to garner more votes at the moment. Try again later.

Trichet Says Regional Economic Diversity in U.S. Is Similar to Euro Area’s

Stock and bond traders aren't blackmailing Merkel. They just demand an answer to the EZ's problems, not 'austerity'. And I guess it's making her mad.

Merkel: Markets Won’t ‘Blackmail’ Euro Leaders

at 2 pm GMT we'll find out for sure. That's when Bernanke takes the stage.

Previewing Jackson Hole: Why Markets Are Setting Themselves Up for Disappointment

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France, Spain, Italy Have Learned Nothing From Dick Bove

You're most certainly right about that; Buffet understands the basic mechanics of banking. BofA stock itself may be next to worthless, but the bank itself is being flushed with cash from deposits. Stock can go to a penny, it has no impact on the ...

Berkshire Hathaway to Invest $5B in Bank of America

It's similar to when Soros purchased a mountain of Russian debt, and told them to devalue their currency, essentially sacrificing his own positions.

Berkshire Hathaway to Invest $5B in Bank of America

Lehman Brothers' stock posted some of its biggest gains in August of 2008... We all know how that story ended.

Greek 10-Year Yield Rises to Record High on Speculation Bailout May Fail

You mean you didn't hear? Kan is quitting, dude.

EarthQuake 5.8 based in Virginia

Forget the US and their problems, I want to hear about why Europeans hate basic economics so much. The number of accepted minus-sum policies is mind-boggling.

Why Americans Hate Economics

Meh, tl;dr. If someone is dumb/ignorant/lazy enough to invest in a particular vehicle on the word of a ratings agency, instead of doing their own homework, they deserve whatever befalls them.

Moody's Analyst Breaks Silence: Says Ratings Agency Rotten To Core With Conflicts, Corruption,...

CAD = oil.

Canadian Dollar Approaching Parity With USD on Global Recession Fears

Was it Spain, Italy, or Portugal that sent police units to raid the offices of the three sisters in retaliation for downgrades?

SEC Makes S&P Downgrade Inquiries

Yes, China is going to buy goods.... and then manufacture them into another product... to try to sell right back to the lagging economies.... Sure, yeah, this isn't more China On A White Horse theory.

Yuan’s Biggest Leap in Three Years May Herald Stimulus for Global Recovery

*facepalm* read more information sources besides CNBC before you form an opinion. url

Safe-Haven Swiss Franc Pegged to the Euro?

They're beginning to look less and less like a temporary solution too. Markets only bought that new Greece bailout for about two days.

Greece Feels Push Toward Euro Exit

nothing made me laugh harder than Rehn saying the ECB purchasing bonds on the secondary market was "risk free, because all the risk had already been priced in...". first I double facepalm, then I sell.

Worldwide markets tumble on French downgrade rumor

ECB has yet to signal they will actually purchase Italian or Spanish bonds. They simply said they will purchase bonds on the secondary market... Which is exactly what they said after the LAST summit. Trying to spur the markets into becoming ...

ECB Signals Italian, Spanish Bond Purchases to Stem Crisis

They're not intervening to raise their currency.... <facepalm>

ECB to intervene decisively on markets - source